The S&P 500 and the Dow industrials opened higher on Thursday after two days of losses as bond yields eased off four-year highs and traders took stock of the Federal Reserve's views on inflation.

The Dow Jones Industrial Average (DJI) rose 101.75 points, or 0.41 percent, to 24,899.53. The S&P 500 (SPX) gained 11.77 points, or 0.435711 percent, to 2,713.1. The Nasdaq Composite (IXIC) added 36.10 points, or 0.5 percent, to 7,254.33.